The Scottish Government has announced its first two Investment Zones, which aim to boost the economy, stimulate business growth and create high-quality jobs.
The Glasgow city region and the north east of Scotland will each be supported by up to £80m in targeted investment, tax reliefs and other incentives over five years, following a joint selection process by the Scottish and UK governments.
Scottish ministers have tailored the UK Government’s Investment Zone model to ensure it aligns with the National Strategy for Economic Transformation and supports innovation in sectors such as net zero, digital and life sciences. There will be a strong emphasis on fair work, mirroring the arrangements for Green Freeports.
